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US Dollar at the Mercy of Economic Data, ADP Jobs Report in View

US DOLLAR, ADP EMPLOYMENT, FED, NFP, EUR/USD – TALKING POINTS: US Dollar little-changed since last week’s Fed-inspired selloff ADP jobs data eyed as preview of Friday’s official NFP release EUR/USD struggling to make good on bullish Wedge breakout   The US Dollar has been little-changed on net since slipping in the wake of last week’s FOMC policy announcement, seemingly underscoring that move’s limited scope for follow-through. This is because the central bank

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British Pound (GBP) Price Outlook: GBP/USD Edging Higher Ahead of BoE

GBP PRICE, NEWS AND ANALYSIS: GBP/USD is continuing its modest climb higher that began a fortnight ago, and could hit the psychologically important 1.40 level soon. That, though, is dependent on the Bank of England’s monetary policy committee sounding hawkish when it announces its latest decisions Thursday. GBP/USD WAITING FOR BANK OF ENGLAND GBP/USD continues to advance modestly, extending the rise that began on July 20 when the pair hit a recent low at 1.3572. The c

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Is the Tencent share price at current levels a buy?

The Tencent share price is off more than 40% from February’s highs due to regulatory headwinds, but is now the time to buy? Why is the Tencent share price under pressure in 2021 Tencent the Chinese tech giant sees its share price down more than 20% year (more than 40% down from February’s highs) to date as investors react to a regulatory crackdown furthered by media pressure. Chinese officials clamping down on major tech companies within the region has bee

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Bank of England rate preview: how will the BoE react to rising inflation and easing Covid-19 fears?

The Bank of England grows steadily more hawkish, but questions remain over whether rising inflation will force its head towards a tapering stage. Bank of England meeting: when and where? The Bank of England (BoE) will commence their latest monetary policy announcement at midday, on Thursday 5 August 2021. Tune in to IGTV’s live BoE announcement and analysis at 11:55 AM BST on Thursday in the IG platform. Inflation concerns remain prevalent

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Futures prices vs spot prices: what are the differences?

Spot prices and future prices have some things in common, but it’s essential to understand the differences between futures vs spot when trading any asset. Learn more in this guide. What’s on this page? The difference between spot and futures: an overview What is a spot market and spot pricing? What is a futures market and futures pricing? Futures vs spot

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BP share price on watch ahead of Q2 earnings

BP’s share price has retraced more than 14% from its one-year high since June. Can its upcoming results boost its share price?    Yeap Jun Rong | Market Strategist, Singapore | Publication date: Monday 02 August 2021 IG When does BP report earnings? British Petroleum (BP) is set to release its Q2 financial results on 3 August, along with the announcement for its dividend payout.

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The Week Ahead On The Markets

The Week Ahead Read about upcoming market-moving events and plan your trading week. Week commencing 2 August Joshua Mahony’s insight Another busy week ahead, with both economic and corporate earnings playing a significant role in driving volatility as we move through th

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Post-earnings trade setups: Microsoft, Barclays, and Rio Tinto

With Q2 earnings season in full swing, Microsoft, Barclays, and Rio Tinto provide us with potential trading opportunities. This article looks at some of the big movers off the back of recent earnings announcements to try and find stocks that seem to provide a good trading opportunity. Typically, earnings announcements and trading statements will drive a shift or enhancement of market sentiment. While many see earnings as a significant risk when holding a stock, placing trades in t

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Dollar Edges Higher; Weekly Losses Likely on Dovish Fed

The dollar edged higher in early European trading Friday, but looks set to register a negative week after a dovish Federal Reserve meeting and some disappointing growth data.  At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 91.998, having earlier fallen as low as 91.855 on Thursday, a one-month low. The index is currently around 1% lower on the week, its worst weekly showing since early May, and down arou

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Amazon Earnings Beat But Revenue Outlook Falls Short

Amazon (NASDAQ:AMZN) reported Thursday softer third-quarter revenue guidance and mixed second-quarter results as earnings beat, but revenue fell short of expectations. Amazon.com announced earnings per share of $15.12 on revenue of $113.1 billion. Analysts polled by Investing.com anticipated EPS of $12.24 on revenue of $115.33 billion. Net sales in North America rose to $67.55 billion from $55.44 billion in the the prior-year period. Amazon Web Services, its fast-growing cloud rev

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Introduction to Basic Trendline Analysis

In this series we will piece together the anatomy of a swing trade and discuss the tools along with the methodology used to construct a basic trade setup. While no one single strategy is perfect, these best practices can be utilized in conjunction with your own trading strategy to identify more favorable entry / exit points in trending market environments. Trendlines are the simplest and single most important (and largely underutilized) tool in your trading arsenal. Extending a line off key

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Dividend Adjustments 2nd August 2021- 9th August 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 2nd August 2021. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adjustment on your acco
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